Minneapolis Condo Market
Condo, loft, and townhome prices, inventory trends, and neighborhood-by-neighborhood data to help you buy smarter. Single-family homes excluded.
What the Data Says
With only 2.1 months of condo and loft inventory, Minneapolis attached-home buyers are firmly in seller's market territory. Well-priced units in North Loop and Mill District routinely receive multiple offers within days of listing.
Northeast Minneapolis leads all neighborhoods with +8.4% year-over-year price growth for condos and lofts, driven by new development and strong demand from buyers priced out of North Loop and Uptown.
The highest volume of condo and loft buyers clusters here. Expect to move quickly and come in at or above asking — the sale-to-list ratio for this segment sits at 98.7%.
Units above $700K are moving faster than any prior period on record for the attached-home segment. Mill District riverfront condos are leading luxury sales, with new high-rise construction absorbing top-end demand.
By Neighborhood
All figures reflect condos, lofts, and townhomes only — single-family homes are excluded. Data is based on recent MLS activity and should be used for general guidance only.
Where the Market Lives
Buying in This Market
Minneapolis condos move fast. These are the things that separate buyers who close on the right unit from those who keep missing out.
Get pre-approved before you start touring — sellers expect it in this market.
Budget 1–2% of purchase price annually for HOA-related reserves and special assessments.
In low-inventory neighborhoods, be ready to make an offer the same day you tour.
Ask about pending special assessments before making an offer — they transfer to the buyer.
Consider neighborhoods like Northeast and Elliot Park for better value with strong appreciation.
Work with an agent who specializes in condos — HOA financials and rules require specific expertise.
As of mid-2026
2.1 months of condo/loft/townhome supply. Buyers should expect competition on desirable units and be prepared to act quickly.
Data covers condos, lofts, and townhomes only. Based on recent MLS activity and publicly available market reports. For the most current figures, consult a licensed Minneapolis real estate agent.
Ready to Move?
Now that you know the market, explore the neighborhoods or read the Buyer\'s Guide to understand what the buying process actually looks like.